Considering investing in a vacation rental property in the West?
You know what they say: location, location, location.
Luckily, you don’t have to guess when it comes to investing in your first - or your next - investment rental property. AirDNA has gathered the data and analyzed it for you.
AirDNA tracks the performance of over 10 million rental listings across 80,000 global markets, determining the best places to buy a rental property based on:
- Rental demand
- Revenue growth
If you've been dreaming of investing in a rental property located in the wild, wild West, here are the top recommendations based on AirDNA's extensive research:
5 Best Places to Invest in a Rental Property in the West
Sedona, AZ 86351
This scenic Central Arizona resort town was named the Most Beautiful Place to Live in America by USA Weekend, and it earns high ranks for rental demand. Sedona is surrounded by 1.8 million acres of national forest land and tourism is the main economic generator for this stunning town.
Want to make sure you're getting the most of your Sedona, AZ investment? Install and maintain air conditioning: it's an amenity included with 99% of listings.
Joshua Tree, CA
Home to one of America's most recognizable and beautiful national parks, Joshua Tree in San Bernardino County is a small town with big appeal. More than 2 million people visit the national park and, well, they've got to stay somewhere.
Joshua Tree earns an A+ market grade and marks for high investability. Most listings offer air conditioning and parking, so make sure yours doesn't fall short in these areas.
Yucca Valley, CA
Right outside of Joshua Tree is the town of Yucca Valley, CA. Yucca Valley is the "gateway to Joshua Tree National Park". Yucca Valley also earns an A+ market grade and high investability scores.
Yucca Valley is south of the U.S. Marine Corps Air Ground Combat Center and is home to many military personnel and their families. That offers you multiple ways to rent out your investment property, from short-term rentals to tourists to longer-term rentals for military families who may stay a few years or even longer.
Las Vegas, NV
Viva, Las rentals! Las Vegas offers 3 high-scoring markets where your rental income investment could pay off big - let's say it's a much safer bet than a trip to the casino floor.
Population growth, job growth, and year-round tourism all point to Las Vegas as a highly desirable place to invest in a rental property.
Blaine, located in Whatcom County at the very Northwestern edge of Washington, is home to Mt Baker-Snoqualmie National Forest and borders the Pacific Ocean and Canada. It's a scenic town with plenty of recreation opportunities with high scores for revenue growth.
Vancouver, B.C., where several television-series are filmed, is just north of Blaine. You may be renting your Blaine rental property to one of the dozens of US actors/ actresses who choose to rent houses on this side of the border.
This list is a great starting point when you're looking for the best place to invest in a rental property in the West.
Once you've found the perfect property, check out our list of tips to increase its profits and value - whether your investment property is near a scenic national park or in the heart of the hustle and bustle of a thriving tourist town.